---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-002062"
form_type: "8-K"
ticker: "AFBI"
cik: "0001823406"
company_name: "Affinity Bancshares, Inc."
filed_at: "2022-02-25T23:59:59+00:00"
generated_at: "2026-06-27T04:19:06.380763+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Affinity Bancshares 2021 net income $7.6M, doubling from $3.1M; NIM expands

## Summary
- Net income $7.6M in 2021, up from $3.1M in 2020; prior year included $2.8M merger costs.
- Net interest income rose $4.1M to $29.3M; net interest margin improved to 4.04% from 3.77%.
- Total assets declined $62.5M to $788.1M due to lower cash and PPP loans; loan-to-deposit ratio 93.7%.
- Completed mutual-to-stock conversion in Jan 2021, selling 3.7M shares at $10, raising $37.1M gross.
- Non-performing loans increased to $7.0M from $4.9M; allowance for loan losses 1.46% of total loans.

## SEC filing metadata
- accession: 0000950170-22-002062
- form_type: 8-K
- ticker: AFBI
- cik: 0001823406
- company_name: Affinity Bancshares, Inc.
- filed_at: 2022-02-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823406/000095017022002062/0000950170-22-002062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823406/000095017022002062/afbi-20220222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-002062
- JSON: https://secwatch.observer/filing/0000950170-22-002062.json
- Plain text: https://secwatch.observer/filing/0000950170-22-002062.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.